Two large Maven investors have called for a new board and a new direction, and say they have the votes to force change
Investors Bryant Riley and Kevin Rendino are calling for a new Maven board.
Investors Bryant Riley and Kevin Rendino are calling for a new Maven board.
Several publishers of SI/Maven team channel sites have been laid off in the past few days.
Meredith is seeking $1,087,065 in damages, plus interest and attorneys' fees.
Awful Announcing obtained an April 29 e-mail from The Maven SVP Glenn Nelson linking Texans' writer Patrick Starr to Patrick Colon, a former high school coach and teacher who pled guilty to two counts of improper relations between an educator and a student in 2008. Starr continued to write for SI/The Maven through at least June.
Revoking the Sports Illustrated license is a possibility if ABG feels TheMaven has damaged the SI brand.
TheMaven announced that it beat its revenue projection for this year and that it expects "more than $27 million in operational savings at Sports Illustrated" in 2020 (compared to the magazine's 2018 numbers) from cuts, including further print issue reductions.
At least one report has layoffs "imminent", as well.